Faculty of Commerce, Law and Management (ETDs)

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    Enterprise risk management impact on performance of short-term insurance companies in Zimbabwe
    (University of the Witwatersrand, Johannesburg, 2024) Mahwe, Tendai
    Corporate failures that occurred in the mid-1990s, followed by the global financial crisis that began in the United States of America in 2007 and the 2008 hyperinflation period in Zimbabwe underscored the necessity for financial service providers in Zimbabwe to implement sound risk management practises and controls. Zimbabwe financial landscape, including the insurance sector was crippled as this affected the indemnification of policyholders. Regardless of the industry diversities, ERM is a significant factor to protect and increase shareholder value. Short term insurance companies are inherently more important in the financial services industry. Given that information, it was essential for the researcher to examine the impact of enterprise risk management in enhancing financial performance in the short-term insurance sector in a developing country like Zimbabwe. The review highlighted that Enterprise Risk Management (ERM) literature in the short- term insurance sector was mainly focused on developed countries, neglecting dynamic and developing countries like Zimbabwe. The study also revealed that Insurers in Africa are clustered with many risks that reduce their potential to thrive and increase capacity due to low penetration rates. Consequently, this study had to fill in this research gap and address enterprise risk management impact on performance in developing countries. Through following the quantitative approach, collecting, and analysing data through multiple regression model. Findings from the multiple regression analysis, established that financial performance in STIs’ is embedded in the effectiveness of enterprise risk management, firm size and leverage which were statistically significant with a p-value of 0.042, 0.015 and 0.034 respectively. The study suggested that the regulator must reinforce the capital requirements for insures and desist the one-size-fits all strategy to a risk-based approach as insurers underwrite different risks and industries. It is apparent that senior management must implement a holistic enterprise risk management program which can drive its financial performance in the market and lessen the possibility of failures.
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    Perspectives on data sharing by Southern African horticultural farmers
    (University of the Witwatersrand, Johannesburg, 2023) Bailie, Kathleen Ann
    This study examines the perceptions of data sharing among Southern African horticultural farmers utilising a Digital Agricultural Application (DAA). Employing a quantitative methodology, the study collected insights from farmers and agronomists, exploring the roles of digital trust, perceived risks, and perceived benefits in influencing their decisions to share farm data. The findings indicated that, contrary to expectations, perceived risks and digital trust had a lesser impact on data sharing decisions, whereas perceived benefits significantly motivated farmers to share data. Factor and regression analyses challenged the initial assumptions, highlighting the complexity inherent in the decision-making processes of farmers. The research thus suggests that enhancing perceived benefits could be more effective in promoting data sharing than mitigating perceived risks. ii The study's results have been contextualised within the broader academic discourse, explaining deviations from, and nuances of, established research. It discussed the implications of these findings for developers of DAA and agribusiness stakeholders, aiming to enhance technology adoption within agriculture. By integrating theoretical frameworks with practical applications, such as incorporating community feedback mechanisms like testimonial systems and discussion forums into DAA, visibility of benefits was enhanced and trust was established, thereby encouraging adoption through positive peer influence. This analysis sheds light on the factors influencing data sharing among Southern African horticultural farmers and informs future technology and policy efforts to strengthen the digital agricultural ecosystem
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    Investigating the relationship between integrated reporting quality and its effect on risk of the top 100 JSE listed companies in South Africa
    (University of the Witwatersrand, Johannesburg, 2023-12-13) Jhavary, Musnaa; Cerbone, Dannielle
    This thesis investigates the relationship between the quality of an organization’s integrated report, as defined by the EY Integrated Reporting Awards, and the risk of the organisation. To achieve this the relationship between an entity’s financial ratios and the quality of the integrated report it produces are calculated and explored. A quantitative research approach is used and risk is proxied using debt and equity ratios collected from the IRESS database, as well as integrated reports found on the websites of the top 100 JSE-listed companies over five years from 2017 to 2021. A regression is performed using the Statistical Package for the Social Sciences (SPSS) software. The results suggest a significant relationship between the costs of debt and integrated reporting quality, when compared to the cost of equity and the weighted average cost of capital. In addition, other variables hold a stronger relationship with integrated reporting quality, such as the ability of a firm to produce a standalone CSR report, as well as the firm’s equity market-to-book ratio and a firm’s size
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    Investigating the relationship between integrated reporting quality and its effect on risk of the top 100 JSE listed companies in South Africa
    (University of the Witswatersrand, Johannesburg, 2023) Jhavary, Husnaa; Cerbone, Dannielle
    This thesis investigates the relationship between the quality of an organization’s integrated report, as defined by the EY Integrated Reporting Awards, and the risk of the organisation. To achieve this the relationship between an entity’s financial ratios and the quality of the integrated report it produces are calculated and explored. A quantitative research approach is used and risk is proxied using debt and equity ratios collected from the IRESS database, as well as integrated reports found on the websites of the top 100 JSE-listed companies over five years from 2017 to 2021. A regression is performed using the Statistical Package for the Social Sciences (SPSS) software. The results suggest a significant relationship between the costs of debt and integrated reporting quality, when compared to the cost of equity and the weighted average cost of capital. In addition, other variables hold a stronger relationship with integrated reporting quality, such as the ability of a firm to produce a standalone CSR report, as well as the firm’s equity market-to-book ratio and a firm’s size
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    Cost and aconomic growth in Eswatini
    (University of the Witswatersrand, Johannesburg, 2024) Shongwe, Mbongeni Welcome; Kodongo, Otongo
    The sluggish economy and low GDP growth in Eswatini have sparked concerns regarding the efficient allocation of high liquidity towards productive sectors. There is a pressing need to determine if the high cost of credit plays a role in exacerbating this issue. Despite the availability of ample liquidity, it remains unclear if it is effectively channeled into sectors that can fuel economic growth. Therefore, it is intriguing to investigate whether the high cost of credit is a contributing factor to this problem. This study examined the relationship between the cost of credit and economic growth in Eswatini, as well as the impact of banking sector liquidity on cost of credit and the role of excess liquidity in promoting economic growth. The study used the Autoregressive Distributed Lag model (ARDL) to analyse time series data from 1975 to 2021, the study found that factors such as domestic credit, GDP growth, liquid assets to liabilities, and trade significantly influence cost of credit in the short run. In the long run, variables like budget deficit, domestic credit, exchange rate, GDP growth, liquid assets to liabilities, and trade continue to significantly impact cost of credit. The study recommends that policymakers should increase credit availability, diversify credit risk and increase liquid assets relative to liabilities to lower cost of credit. Additionally, promoting financial inclusion and access to credit for SMEs can further stimulate economic growth. A thoughtful and measured approach by policymakers is crucial for creating a stable financial system that supports economic economic growth.